India looking to import pulses

Reading Time: 1 minute MarketsFarm – Although India has prioritized producing their country’s own pulses self-sufficiently, unprecedented rainfall in October and November could turn the country back to relying on imports. A statement from the chairman of the Indian Pulses and Grains Association (IPGA), Zaverchand Bheda, said as much as 50 per cent of the urad pulse crop was […] Read more

U.S. grains: Wheat futures rally as U.S. cold snap threatens crops

Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures jumped on Tuesday as traders worried a cold snap would hurt recently planted crops. Temperatures dropped near zero Fahrenheit (-18 Celsius) in wheat-growing areas of the U.S. Plains, including in western Kansas, according to a daily weather report from the U.S. Department of Agriculture. A separate weekly USDA report, […] Read more

Klassen: Feeder cattle market consolidation continues

Reading Time: 2 minutes Western Canadian feeder cattle markets were unchanged from week-ago levels. Larger pre-sort calf sales were held across the prairies. Buying interest was barely sufficient to support the market at the current levels.  The risk tolerance shifted from medium to low this past week. Discounts appeared to be more severe on unweaned and unvaccinated calves. Colder […] Read more

CWRS bids edge lower with Minneapolis futures, CPSR up

Reading Time: 2 minutes MarketsFarm – Wheat bids in Western Canada were mixed during the week ended Nov. 7, with a steady to lower tone in Canada Western Red Spring Wheat as a downtrend in the Minneapolis future weighed on values. However, the Chicago and Kansas City winter wheat contracts trended higher, which underpinned Canada Prairie Spring Red (CPSR) […] Read more

Fund traders increase canola short position

Reading Time: 1 minute MarketsFarm – Commodity fund traders added to their net short positions in canola and corn over the past week, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money traders were also on the sell side in soybeans, reducing their net long position in […] Read more

Latest USDA supply/demand report generates mixed results

Reading Time: 2 minutes MarketsFarm – In the United States Department of Agriculture’s (USDA) supply and demand report issued Friday, corn estimates were lowered from the October report and those for soybeans largely remained the same for the 2019/20 marketing year. There were some revisions for wheat as well. In the latest World Agriculture Supply and Demand Estimates (WASDE), […] Read more

U.S. livestock: Live cattle futures firm on strong cash market, rising beef prices

Reading Time: 2 minutes Chicago | Reuters – U.S. live cattle futures firmed on Friday, supported by strong cash feedlot cattle and beef prices and robust packer profit margins. The market posted a modest decline for the week after eight straight weeks of gains, but prices remain near six-month peaks reached after the two-month rally took futures up by […] Read more

U.S. grains: Corn edges up after USDA trims U.S. harvest outlook, soybeans drop

Reading Time: 2 minutes Chicago | Reuters – U.S. corn futures firmed on Friday after the U.S. Department of Agriculture lowered its U.S. yield and harvest forecasts in a monthly crop report, though gains were kept in check by worries about weak demand. Soybeans fell as the USDA left its U.S. crop yield and harvest outlooks unchanged despite poor weather this […] Read more

Feed weekly outlook: Barley, feed wheat at par in southern Alberta

Reading Time: 1 minute MarketsFarm – Feed barley prices in southern Alberta’s feedlot alley moved higher over the past few weeks, but the price rise will likely slow down as barley trades at par with feed wheat. Feed barley and feed wheat are both currently trading at around C$225 per tonne delivered into Lethbridge, Alta. “That’s a sell signal […] Read more